Securities Transaction Tax (STT) Reduced

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....ecurities Transaction Tax (STT) Reduced <br>Budget<br>Dated:- 28-2-2013<br><BR>The Finance Bill 2013-14 proposes reduction in the rates of Securities Transaction Tax (STT) in respect of certain transa....

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....ctions. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram proposed the following reductions in the rates of STT:- Equity futures: From 0.017 to 0.01 per cen....

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....t MF/ETF redemptions at fund counters: From 0.25 to 0.001 percent MF/ETF purchase/sale on exchanges: From 0.1 to 0.001 percent, only on the seller The Finance Minister noted STT has a stabilisin....

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....g effect on transactions and he had proposed reductions in the rate of tax taking note of the changes and shifts in the market. *** DSM/RC/nb/24<BR> News - Press release - PIB....